Contacts

William Mears

Coldwell Banker Commercial McGuire Mears & Associates

Adam Shultz

Coldwell Banker Commercial McGuire Mears & Associates

Property Details

Property Type Industrial - Warehouse/Distribution
Property Size 9,000 SF
Lot Size 1.01 Acre
Year Built 2003
Date Updated Jun 30, 2026

A fully occupied, single-tenant commercial/industrial investment at 4030 Commercial Drive in Janesville's established Commercial Drive corridor. The 9,000 SF building is leased to Dawg Zone through August 2029 under a modified gross structure with 2% annual escalations, generating $70,077 in current gross annual rent and $60,077 NOI. With3.3 years of lease term remaining and a local tenant in a growing service category, this is a clean, low-management asset with income in place and rent growth built in. Priced at an 8% cap on current NOI with comp support from recent same-street sales.

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Highlights

Age: 21-30 Years Old
Fully occupied through August 2029 with 2% annual rent escalations baked in, so your NOI grows without renegotiation.
Lot Size: 1-2 Acres
Same-street sales on Commercial Drive include a May 2025 transaction at $112.67/SF, and the 6-comp average across the Janesville submarket sits at $89.67/SF both validating the ask for a stabilized, income-producing asset.
Sewer: City
Small industrial park setting, single tenant, no complex lease structure. The kind of property that manages itself.
Tenant pays CAM (lawn care and snow plowing); landlord expense load is limited to taxes and insurance, estimated at $10,000/year.
The 2% annual escalation schedule pushes income-supported value closer to the comp set with every passing year, rewarding a buyer who moves now.
Water: City Water